Cheapest electricity in the world - page 10.

Seal

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Quote from: Endgameuser on April 09, 2012, 09:30:04 PM

So the suggestions are kazakstan, cuba, mexico, ukraine, norway, iceland. That's interesting, because only two of those are in the wikipedia page on electricity pricing:

http://en.wikipedia.org/wiki/Electricity_pricing#Price_comparison

Out of these, iceland and norway seem the most suitable for westerners interested in bitcoin mining when you consider safety and language barriers.

How reliable are these power sources though? I can't imagine them being very stable.

Endgameuser

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Quote from: bulanula on April 07, 2012, 07:03:42 AM

Quote from: ice_chill on April 07, 2012, 07:02:10 AM

Iceland and Ukraine price it at $0.04 per Kw, in Iceland you benefit from cold environment too so no cooling costs.

Too bad the language is very different from English in those countries Cheesy

English is widely spoken as a second language in both norway and iceland

Endgameuser

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So the suggestions are kazakstan, cuba, mexico, ukraine, norway, iceland. That's interesting, because only two of those are in the wikipedia page on electricity pricing:

http://en.wikipedia.org/wiki/Electricity_pricing#Price_comparison

Out of these, iceland and norway seem the most suitable for westerners interested in bitcoin mining when you consider safety and language barriers.

spoc

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Quote from: alexbishops on April 06, 2012, 12:21:45 PM

Have you considered solar power? You could create a free to run miner that only runs during the day.

It's not free - you have to invest and maintain the solar power ....

anyigiumex

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send me email let us to business. [email protected] if you can set up a good electricity just email me.

Jurema

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Cuba probably.

Nixzor

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in Khazakstan electricity costs ~ 7 dollar per family member per year.

Jurema

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Quote from: alexbishops on April 06, 2012, 12:21:45 PM

Have you considered solar power? You could create a free to run miner that only runs during the day.

Or, get some rechargeable batteries, have it running day and night Wink

Solar panels.. all you need.
Although the investment at first might be a bit steep

Nyaaan

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Come to my country, electricity is free through various means.

joulesbeef

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moOo

Kazakhstan, mexico, taiwan, norway then the us in that order. unless you incorporate.

Sannyasi

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we are .08-.12- it changes yearly.

ldrgn

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Omaha, NE isn't bad! 5.79 cents/kWh past 1k kWh in the winter. We're not up to our knees in rednecks either: there are jobs here and there's plenty to do (like cow tipping on Warren Buffet's front lawn). I wonder if there are mining calculators that factor in A/C costs over the summer...

alexbishops

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Quote from: DeathAndTaxes on April 06, 2012, 03:14:16 PM

Quote from: alexbishops on April 06, 2012, 12:21:45 PM

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?

I concur. However providing the solar panels don't stop working they retain value. So so long as you are able to make more money out of mining than the difference between the resale value of the panels and the original price you will be making a net profit. This is obviously more risky than simply paying for the electric as normal. I only thought of this because Australia's a pretty sunny place.

ice_chill

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Well English is international so in those countries English will be the foreign language that is taught in school. Anyway money is the universal language.

bulanula

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Quote from: ice_chill on April 07, 2012, 07:02:10 AM

Iceland and Ukraine price it at $0.04 per Kw, in Iceland you benefit from cold environment too so no cooling costs.

Too bad the language is very different from English in those countries Cheesy

ice_chill

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Iceland and Ukraine price it at $0.04 per Kw, in Iceland you benefit from cold environment too so no cooling costs.

DeathAndTaxes

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Gerald Davis

Quote from: alexbishops on April 06, 2012, 12:21:45 PM

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?

CA Coins

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If you really want to mine with high electricity cost, try FPGAs

5850Guy

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Quote from: Endgameuser on April 06, 2012, 08:40:40 AM

I am wondering which countries in the world have the cheapest electricity, and would thus be ideal for mining bitcoins.

I am from Australia, and I can tell you that we have some of the most overpriced electricity in the world, meaning I will probably need to go overseas if i want to mine competitively.

Maybe...ours is like 12 cents per KWH in my part of the USA.

Maybe look into mining contracts?

alexbishops

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Have you considered solar power? You could create a free to run miner that only runs during the day.

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